Voltaiq announced Tuesday morning it has closed a $2 million seed round. The Downtown Brooklyn-based company makes software that helps make batteries work better.
“We’re planning to expand our battery intelligence platform for developing and operating battery systems,” cofounder and CEO Tal Sholklapper said in an interview Friday morning.
The 10-person company, founded in 2012, sees tremendous growth as more and more products, like cars, start to run on battery and electric power.
“There’s going to be tremendous growth in the electrification of our economy as we move away from fossil fuel growth,” Sholklapper said. “There are key problems are around cellphones not lasting through the day and, obviously, fires. [We] make sure they source the right batteries that work best for their customers.”
Bad batteries will cost Samsung $17Bn+ https://t.co/eYSoavrPIw Could better analytics have prevented this disaster? https://t.co/aQTzF6Plqq pic.twitter.com/Ks97J6XA0c
— Voltaiq (@Voltaiq) October 11, 2016
The $2 million seed round was led by San Francisco-based Bee Ventures.
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